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SB 25-249

Repeal Annual General Fund Transfer to Revolving Fund

2025 Regular Session Introduced by Judy Amabile and 5 co-sponsors

Repeals the mandatory $400,000 annual General Fund transfer to the Sustainability Revolving Fund, allowing gifts and donations instead and potentially reducing the fund’s expenditu

Governor Signed
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Bill Summary · SB 25-249

SB 25-249 — Repeal Annual General Fund Transfer to Revolving Fund

Status: Governor signed (effective April 25, 2025)
Introduced: March 31, 2025

Purpose

To repeal the statutory requirement that the State Treasurer annually transfer $400,000 from the General Fund to the State Agency Sustainability Revolving Fund (the “Sustainability Revolving Fund”), and to explicitly authorize the fund to receive gifts, grants, and donations.

Key provisions

  • Repeals the annual July 1 transfer of $400,000 from the General Fund to the Sustainability Revolving Fund (Colorado Revised Statutes §24‑30‑2304(2)).
  • Adds language to §24‑30‑2304(1) authorizing the Department of Personnel and Administration (DPA) to credit gifts, grants, and donations to the fund.
  • Leaves the Sustainability Revolving Fund otherwise intact and continuously appropriated to the Office of Sustainability.

Who is affected

  • General Fund: will no longer be required to transfer $400,000 annually to the revolving fund, effectively retaining that amount in the General Fund beginning FY 2025‑26.
  • Sustainability Revolving Fund / Office of Sustainability (DPA): will lose the annual $400,000 transfer and therefore may reduce related expenditures (notably equipment replacement in EPA-designated ozone nonattainment areas) by up to $400,000 per year, depending on fund balances and DPA decisions.
  • Potential private/state grantors or donors: the statute explicitly allows gifts, grants, and donations to be credited to the fund.

Fiscal impact (summary from Legislative Council / JBC)

  • Eliminates an ongoing $400,000 annual General Fund transfer to the Sustainability Revolving Fund beginning FY 2025‑26.
  • Reduces cash‑fund expenditures in the Office of Sustainability by up to $400,000 annually (primarily for replacing gas/diesel equipment with electric equipment in ozone nonattainment areas).
  • No appropriation required; no change in state FTE.
  • Gifts, grants, and donations are exempt from TABOR; no specific alternative revenue sources have been identified.
  • The Joint Budget Committee incorporated the $400,000 General Fund retention in its FY 2025‑26 budget package.

Legislative timeline / procedural notes

  • Introduced in Senate: 03/31/2025
  • Passed both chambers without amendment: April 8–10, 2025
  • Sent to Governor: 04/16/2025
  • Governor signed: 04/25/2025 (effective date)

Statutory change

Amends C.R.S. §24‑30‑2304 to remove the mandatory annual transfer and to add authorization for gifts/grants/donations to the fund.

For questions about the fiscal analysis: Legislative Council Staff fiscal analyst Matt Bishop (matt.bishop@coleg.gov) or JBC analyst Tom Dermody (303‑866‑4963).

Compiled from official sources — confirm details with the bill’s official record.

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